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The Social Security and National Insurance Trust (SSNIT) has marked 60 years of safeguarding the welfare of Ghanaian workers with remarkable growth in membership, contributions, and digital transformation. Established in 1965, the Trust now boasts over 4 million registered members with 2 million active contributors and has collected more than GHC 7.6 billion in contributions as of August 2025. Speaking at the 2025 Media Connect engagement in Tamale, the General Manager in charge of Benefits, Frank Molbila, said SSNIT’s six-decade journey represents steady progress, resilience, and modernization. The event brought together journalists from across northern Ghana as part of efforts to strengthen collaboration with the media in telling the SSNIT success story. “It is important that we partner with you, the media, so that you can help us tell our story, that an institution that has served this nation for 60 years is fully matured,” Mr. Molbila stated. “We are mandated by law to register every worker, collect contributions, and pay benefits when people retire, and we have been doing that consistently.” According to him, the Trust has transitioned from manual record-keeping to a fully digital system, allowing contributors and pensioners to transact business online without visiting SSNIT offices. “Today, you can sit in the comfort of your home and interact with SSNIT. That’s how far we’ve come,” he said. Mr. Molbila noted that SSNIT has never defaulted in paying benefits since its inception. “There has not been a single month in our 60-year history that SSNIT has failed to pay benefits. We collect, invest, and pay — and every year, pensions are adjusted upward to protect retirees from inflation,” he emphasized. He assured contributors that SSNIT remains financially sound and continues to invest strategically to sustain long-term benefit payments. While SSNIT’s coverage among formal sector workers remains strong, Mr. Molbila expressed concern over low participation from self-employed persons. “About 80 percent of people in the informal sector are not on any pension scheme, and that is worrying. This can lead to increased old-age poverty,” he warned. He called on traders, artisans, and entrepreneurs to voluntarily enroll in the SSNIT scheme, stressing that “once you earn an income, no matter where it comes from, you must contribute, because one day you will retire and lose that income.” Source: A1Radioonline.com|101.1Mhz|Joshua Asaah|Tamale
